The Central Bank issues an important statement regarding Iraq’s money abroad

The Central Bank issues an important statement regarding Iraq’s money abroad

TUESDAY, 07-27-2021,PM 1:04

Central Bank of IraqThe legal authorities in the United States of America confirmed to the Governor of the Central Bank of Iraq that all the reserves and funds of the Central Bank of Iraq are fortified and that no party can seize them. They also confirmed that they will defend its immunity with the rest of the countries and these reserves cannot be compromised.

A statement by the Central Bank stated, “Iraq will complete, in the coming period, the full payment of compensation and benefits accrued before 2003, and that this will lead to the lifting of international immunity for Iraq’s money abroad, and it will be subject to implementation by some creditors from other parties and companies.”

The statement added, “These legal authorities confirmed that the funds and reserves of the Central Bank of Iraq are protected under the laws followed in the United States of America, and pledged to defend what is available from them in the central banks and banks in other countries.”

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